Published: 26th Sep 2024
By: Value Research
Diffusion Engineers manufactures welding consumables, wear plates, and heavy engineering equipment. These products are used across the power, cement, mining, oil, and sugar industries. The company operates four facilities in Maharashtra.
Total IPO size (Rs cr) 158 Offer for sale (Rs cr) - Fresh issue (Rs cr) 158 Price band (Rs) 159 - 168 Subscription dates September 26, 27 and 30, 2024 Purpose of issue Capital expenditure
629 Net worth (Rs cr) 349 Promoter holding (%) 69.7 Price/earnings ratio (P/E) 20.4 Price/book ratio (P/B) 1.8M-cap (Rs cr)
2Y CAGR (%) FY24 FY23 FY22 Revenue 16.5 278 259 205 EBIT 35.7 35 27 19 PAT 35 31 22 17 Net worth 191 142 121 Total debt 34 48 25Key financials (Rs cr)
3Y average FY24 FY23 FY22 ROE (%) 16.8 18.5 16.9 15.1 ROCE (%) 18.8 20.6 18.5 17.3 EBIT margin (%) 10.8 12.6 10.4 9.3 Debt-to-equity 0.2 0.2 0.3 0.2Ratios
Diffusion Engineers served over 500 clients in FY24, with 69 per cent maintaining at least five-year partnerships. Its multi-industry presence ensures revenue diversification, as top 10 clients account for only 29 per cent of FY24 revenue.
Diffusion Engineers faces geographic concentration risk. It's also heavily dependent on industrial sector growth. For our in-depth risk report, click the link below: